PUBLISHER: The Business Research Company | PRODUCT CODE: 1713452
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713452
Polyvinyl chloride (PVC) is a synthetic organic compound available in the form of white powder or granules, known for its high density and strong impact resistance. PVC is widely used in the construction industry, primarily as insulation for electrical wires, and it is also utilized in the production of clear and transparent blow-molded bottles.
The product types of PVC include rigid PVC, flexible PVC, low-smoke PVC, and chlorinated PVC. Rigid PVC is a robust, stiff, and cost-effective plastic material that is easy to fabricate and can be bonded using adhesives or solvents. PVC finds applications in various industries, including pipes and fittings, film and sheets, wire and cables, bottles, profiles, hoses and tubing, as well as other uses. The end-use industries that rely on PVC include building and construction, automotive, electrical and electronics, packaging, footwear, healthcare, and various other sectors.
The poly-vinyl chloride (PVC) market research report is one of a series of new reports from The Business Research Company that provides poly-vinyl chloride (PVC) market statistics, including poly-vinyl chloride (PVC) industry global market size, regional shares, competitors with a poly-vinyl chloride (PVC) market share, detailed poly-vinyl chloride (PVC) market segments, market trends and opportunities, and any further data you may need to thrive in the poly-vinyl chloride (PVC) industry. This poly-vinyl chloride (PVC) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The poly-vinyl chloride market size has grown strongly in recent years. It will grow from $97.92 billion in 2024 to $106.63 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to construction industry, packaging, electrical and electronics, automotive applications.
The poly-vinyl chloride market size is expected to see strong growth in the next few years. It will grow to $146.89 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to sustainability initiatives, urbanization and infrastructure development, renewable energy, advanced healthcare devices. Major trends in the forecast period include recyclable and bio-based pvc, phthalate-free formulations, digital printing on pvc, smart materials.
The growth of the PVC market has been significantly driven by increased demand from various industries such as construction, healthcare, and packaging. This growing need for PVC is expected to be a key driver for the market. PVC, known for its lightweight and robust characteristics, finds extensive use in the construction sector, including applications like pipes, windows, flooring, and roofing. The global construction output is projected to surge from $10.7 trillion in 2020 to $15.2 trillion by 2030, representing a 42% growth, as per Oxford Economics, a UK-based firm specializing in economic forecasting and analysis. This anticipated growth in construction activity is poised to have a positive impact on the PVC market. The increasing demand across industries like construction, healthcare, and packaging fuels the demand for PVC, further contributing to the growth of the PVC market.
The poly-vinyl chloride (PVC) market is expected to witness growth due to the increasing demand from the agriculture sector. The agriculture sector encompasses activities related to the production, cultivation, processing, and distribution of agricultural products. PVC pipes and fittings have found widespread use in irrigation systems, primarily due to their durability and resistance to corrosion, making them well-suited for transporting water from sources to agricultural fields. For instance, in April 2024, according to a report published by the United States Department of Agriculture, a US-based executive department, agriculture, food, and related industries contributed approximately $1.530 trillion to the U.S. gross domestic product (GDP) in 2023, accounting for a 5.6 percent share, compared to 5.5 percent in 2022. Therefore, the increasing demand within the agriculture sector is a driving force behind the growth of the poly-vinyl chloride market.
Poly-vinyl chloride manufacturing companies are increasingly adopting innovative 'molecular orientation' technology to enhance the physical and mechanical properties of PVC. Molecular orientation is a manufacturing method that aligns the randomly arranged molecules in regular PVC in the same direction under specific conditions of pressure, temperature, and speed. This alignment enhances the strength and ductility of PVC pipes, leading to the creation of PVC-O pipes. For instance, Molecor utilizes molecular orientation to produce TOM PVC-O pipes, known for their resistance to low temperatures and high resistance to cracks or impacts.
Major companies operating in the polyvinyl chloride (PVC) market are focusing on developing low-smoke flame retardant PVC compounds to enhance safety in various applications, reduce toxic emissions during combustion, and meet stringent regulatory requirements for fire safety in construction, electrical, and automotive industries. Low-smoke flame retardant PVC compounds are designed to emit minimal smoke and toxic fumes when exposed to fire. These materials are resistant to various chemicals, oils, and UV radiation, making them suitable for diverse environments and applications. For instance, in October 2022, Teknor Apex Co., a US-based company, launched FireGUARD PVC compounds, a low-smoke flame retardant PVC compound. These PVC compounds exhibit excellent flame-retardant properties, helping to prevent the spread of fire and ensuring that cables can withstand high temperatures without igniting. FireGUARD compounds are also designed to be robust and abrasion-resistant, ensuring long-lasting performance in demanding conditions.
In February 2022, Bodo Moller Chemie Group, a Germany-based company, partnered with Songwon Industrial Co. Ltd., a Switzerland-based manufacturer of polyvinyl chloride (PVC) stabilizers and plasticizers. This partnership allowed Bodo Moller Chemie to expand its portfolio by incorporating Songwon's expertise in providing high-quality stabilizers and plasticizers for PVC applications. The collaboration aims to enhance the product offerings of Bodo Moller Chemie, focusing on the development and distribution of advanced materials used in the PVC industry, which is essential for improving the performance and longevity of PVC products across various industries.
Major companies operating in the poly-vinyl chloride market include Westlake Chemical Corporation, Shin-Etsu Chemical Co. Ltd., Ineos Group Limited, Formosa Plastics Corporation, Occidental Chemical Corporation, China National Chemical Corporation, Orbia Advance Corporation SAB de CV, Axiall Corporation, BASF SE, Mitsubishi Chemical Corporation, DuPont de Nemours Inc., LG Chem Ltd., Oxy Vinyls LP, Inovyn ChlorVinyls Limited, KEM ONE, Vinnolit GmbH & Co. KG, Kaneka Corporation, Hanwha Solutions Corporation, Teknor Color Company, Aurora Plastics LLC, Teknor Apex Company, Sylvin Technologies Inc., Benvic Europe SAS, Mexichem Specialty Compounds, Inc., Roscom Inc.
Asia-Pacific was the largest region in the polyvinyl chloride market in 2024. North America was the second-largest region in the global polyvinyl chloride market. The regions covered in the poly-vinyl chloride market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the poly-vinyl chloride market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The polyvinyl chloride (PVC) market consists of the sales of molecularly oriented polyvinyl chloride and modified polyvinyl chloride. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Poly-Vinyl Chloride Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on poly-vinyl chloride market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for poly-vinyl chloride ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The poly-vinyl chloride market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.